About Mitcon Sun Power Limited
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Mitcon Sun Power Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Mitcon Consultancy & Engineering Services Limited. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 24 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2018PLC176220. Its GSTIN is 27AALCM7943E1Z5 (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Sandeep Sukhadeo Jadhav and Dhawal Marghade.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at First Floor Kubera Chambers Shivaji Nagar, Pune, Maharashtra, India – 411005.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.82 Cr, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹58.68 Lakh (net margin -10.1%) and EBITDA of ₹3.2 Cr (EBITDA margin 54.9%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years and 8% over five years.
Its group structure includes 6 subsidiaries.
For more details, the company can be reached via its website mitconindia.com.
Company details
Contact details
Mitcon Sun Power Limited's registered office is in Pune, Maharashtra. Its website is mitconindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFirst Floor Kubera Chambers Shivaji Nagar, Pune, Maharashtra, India – 411005
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of Mitcon Sun Power Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Mitcon Sun Power is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Mitcon Sun Power Limited, buy the company report.
Financials of Mitcon Sun Power Limited
FY 2025 filings availableMitcon Sun Power Limited reported revenue of ₹5.82 Cr (down 86% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 86% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 47% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.2 Cr | ||||
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| Net Profit (PAT) | -₹58.68 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 54.9% | ||||
| Net Profit Margin | -10.1% | ||||
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To see the full financial statements and ratios of Mitcon Sun Power Limited, buy the company report.
Board of directors of Mitcon Sun Power Limited
Mitcon Sun Power has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Sukhadeo Jadhav | Director | 24 Apr 2018 | 8 Years 6 Months | Current |
| Dhawal Marghade | Director | 08 Feb 2024 | 2 Years 8 Months | Current |
| Harshad Vijay Joshi Also directs: Krishna Windfarms Developers Private Limited, MSPL Unit 6 Limited, Mitcon Power Trading Limited and 5 more | Director | 27 Oct 2020 | 6 Years 0 Months | Current |
| Sanjay Ballal Phadke | Director | 30 Sep 2024 | 2 Years 1 Months | Current |
Auditor
Mitcon Sun Power Limited is audited by J Singh & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J Singh & Associates | FY 2023 | 110266W |
Shareholding
The shareholding of Mitcon Sun Power Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mitcon Sun Power Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mitcon Sun Power Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mitcon Sun Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mitcon Sun Power has 6 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MSPL Unit 2 Private Limited | U40106PN2020PTC197102 | |
| MSPL Unit 1 Limited | U40108PN2020PLC197009 | |
| MSPL Unit 3 Private Limited | U40109PN2020PTC197147 | |
| Mitcon Rooftop Solar Private Limited | U40109PN2022PTC209678 | |
| Mitcon Impact Asset Management Private Limited | U65990PN2020PTC194448 | |
| Mitcon Solar Alliance Limited | U74999PN2018PLC176615 |
To see the full group structure of Mitcon Sun Power Limited, buy the company report.
GST
Mitcon Sun Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM7943E1Z5 | Maharashtra | Active | 26 Feb 2019 |
To see the full GST registrations and return filing status of Mitcon Sun Power Limited, buy the company report.
Recent activity
Mitcon Sun Power Limited has 10 board changes on record since 2018: 4 appointments and 6 cessations. The latest: Sanjay Ballal Phadke ceased to be Additional Director on 09 Dec 2024.
1 earlier event is in the company report.
Frequently asked questions
Mitcon Sun Power is an active public limited company based in Pune, Maharashtra, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 24 April 2018 (8+ years old) and is registered under CIN U74999PN2018PLC176220.
Mitcon Sun Power has 4 current directors:
- Sandeep Sukhadeo Jadhav - Director
- Dhawal Marghade - Director
- Harshad Vijay Joshi - Director
- Sanjay Ballal Phadke - Director
The latest financial statements of Mitcon Sun Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Mitcon Sun Power is 27AALCM7943E1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mitcon Sun Power is U74999PN2018PLC176220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitcon Sun Power was incorporated on 24 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Pune.
Sanjay Ballal Phadke ceased to be Additional Director on 09 Dec 2024. Sanjay Ballal Phadke was appointed as Director on 30 Sep 2024. Dhawal Marghade ceased to be Additional Director on 25 Sep 2024. Mitcon Sun Power has 10 board changes on record in total.
Mitcon Sun Power can be reached through the website mitconindia.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Mitcon Sun Power is at First Floor Kubera Chambers Shivaji Nagar, Pune, Maharashtra, India – 411005.
Mitcon Sun Power operates in the energy and power industry, in the bop and btg services segment.
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